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How much will I pay...

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
BingBong
EX ROYAL MAIL
Posts: 755
Joined: 12 May 2011, 12:36
Gender: Female
Location: the north

How much will I pay...

Post by BingBong »

Hi all, I'm due to start work with Royal Mail soon and have automatically been enrolled into the pension scheme. I'm going to working 35 hours per week as a posty/driver. I'm 27.

Does anyone how much I will pay into the scheme? and is it per week or per month etc etc.

Thanks.
Toon Army!
Lounge Lizard
EX ROYAL MAIL
Posts: 9458
Joined: 06 Aug 2007, 21:54

Re: How much will I pay...

Post by Lounge Lizard »

Probably about £10 to £15 a week which over the next forty years should amount to - well, nobody can be quite sure about that. :shock: :sad: :shock:
BingBong
EX ROYAL MAIL
Posts: 755
Joined: 12 May 2011, 12:36
Gender: Female
Location: the north

Re: How much will I pay...

Post by BingBong »

Lounge Lizard wrote:Probably about £10 to £15 a week which over the next forty years should amount to - well, nobody can be quite sure about that. :shock: :sad: :shock:
Thanks for your help dude :-)
Toon Army!
baldrick
EX ROYAL MAIL
Posts: 5038
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: How much will I pay...

Post by baldrick »

it's been answered in your other thread - it's 3% and you pay weekly.
RobertT
EX ROYAL MAIL
Posts: 6682
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: How much will I pay...

Post by RobertT »

For your 3% you also get a 5% contribution off RM, but you can pay in more if you want. For more info see here:
http://www.zurich.co.uk/royalmaildcplan ... ails.htm#2" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here